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Riyadh Air Plans Widebody Aircraft Order for 2025 to Expand Capacity

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Riyadh Air, Saudi Arabia’s new national carrier, has announced plans to place an order for widebody aircraft in 2025, with models capable of seating over 300 passengers. According to CFO Adam Boukadida, this strategic move is part of Riyadh Air’s broader objective to expand its fleet and position itself as a major player in international…

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Riyadh Air Secures SAR 5 Billion Credit Facility Ahead of 2025 Launch

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Riyadh Air, the emerging Saudi Arabian airline wholly owned by the Public Investment Fund (PIF), has successfully secured its inaugural Islamic Revolving Credit Facility totaling SAR 5 billion. This financial arrangement comprises a SAR 3 billion revolving credit facility, complemented by a committed accordion option for an additional SAR 2 billion. The one-year, unsecured financing…